It 242 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your name(s) as shown on your tax return in the designated field.
3. For fiscal-year filers, input the tax period's beginning and ending dates in the appropriate fields.
4. In Part 1, fill out columns A through D for each property. Multiply the values as instructed and enter them accordingly.
5. Complete Part 2 by providing information about any partnerships, estates, or trusts from which you received a share of the conservation easement tax credit.
6. In Part 3, enter your share of credits from partnerships and estates or trusts in lines 3 and 4 respectively, then calculate the total on line 5.
7. Proceed to Part 4 to list beneficiary names and their respective shares of credit.
8. Finally, complete Parts 5 and 6 by entering necessary amounts and conservation easement identifying information as required.

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